Information and Reporing Unit, Banking Supervision Division					03/06/2002
Statement for the first quarter - bank
Discount Mortgage Bank, Main data, NIS million
Taken from the quarterly report to 31.03.2002. Adjusted to the CPI for  03.2002.
Summary consolidated balance sheet	31.03.2002	31.12.2001	Bank's share of the banking system
			31.03.2002	31.12.2001
Cash and deposits in banks	91	109	30.6%	10.3%
Securities	1	1	5.0%	5.9%
Credit to the public	8,785	8,706	8.5%	8.5%
Credit to the government	0	0	0.0%	0.0%
Investments in companies included on an equity basis	0	0	0.0%	0.0%
Buildings and equipment	13	13	5.3%	5.4%
Other assets	17	13	5.4%	4.5%
Total assets	8,907	8,842	8.5%	8.5%
Deposits of the public	2,676	2,778	6.4%	6.5%
Deposits of banks	5,113	4,966	10.1%	10.0%
Deposits of the government	52	55	3.9%	3.7%
Bonds and subordinated notes	274	276	7.3%	7.5%
Other liabilities	46	33	9.6%	7.3%
Total liabilities	8,161	8,108	8.3%	8.3%
Quasi-capital items	0	0	0.0%	0.0%
Equity	746	734	12.8%	12.9%
Summary consolidated profit and loss statement	Three months to		Bank's share of the banking system
			Three months to
	31.03.2002	31.03.2001	31.03.2002	31.03.2001
Net interest profit before loan-loss provision	25.0	32.0	9.8%	13.3%
Loan-loss provision	8.0	7.0	13.6%	12.4%
Operating and other income	15.0	15.0	6.8%	7.4%
Of which: Operating income	15.0	15.0	7.0%	7.6%
Operating and other expenses	14.0	14.0	8.3%	8.0%
Of which: Salaries and related expenses	8.0	7.0	9.0%	7.0%
Ordinary before-tax provision	18.0	26.0	7.3%	12.3%
Provision for taxes on ordinary profit	6.0	13.0	5.2%	12.8%
Ordinary after-tax profit	12.0	13.0	9.1%	11.8%
Bank's share in the profit of subsidiaries	0.0	0.0
Share of minority shareholders in profit of consolidated companies
Extraordinary after-tax profit	0.0	0.0
Net profit	12.0	13.0	9.2%	11.9%
Profit after the effect of the difference between the known index and the "in lieu" index	16.0	15.0	9.9%	11.9%
Balances and rates of return on financial items by indexation base on 31.03.2002	Unindexed NIS	CPI-indexed  NIS	Foreign Currency (1)	Total financial items
Balance of financial assets on balance-sheet date	523	7,753	618	8,894
Balance of financial liabilities on balance-sheet date	418	7,119	618	8,155
Excess of financial assets over financial liabilities	105	634	0	739
Additional information on the CPI-indexed sector for the three months to 31.03.2002	Average balance for three months	Net three monthly interest income (expenses)		Rate of income  (expenditure) (2)
Total financial assets	7,738	65.0		3.40
Total financial liabilities	7,177	-45.0		-2.53
Interest-rate differential				0.87
Problem borrowers	31.03.2002	31.12.2001
Total credit risk dew to problem borrowers	890.00	849.00
Total credit  to problem borrowers	775.00	737.00
Main financial ratios - consolidated (percent)	31.03.2002	31.12.2001
Equity/balance-sheet ratio	8.38	8.30
Finanancial capital/equity ratio	99.06	98.77
Equity/risk-weighted-assets ratio	12.40	12.60
Return on equity (net profit/gross weighted-capital ratio) (3)	6.50	7.90
Operating income/operating expenses ratio (4)	107.14	101.75
1 Including foreign-currency indexed NIS.
2 three-month rate of income (expenses), on annual basis including ALM derivatives.
3 Annual basis.
4 For three months. Comparative data are annual.
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